Catchmark Timber Trust Inc (NYSE:CTT) Stock Price While Sentiment Worsens

June 14, 2018 - By Marguerite Chambers

CatchMark Timber Trust, Inc. (NYSE:CTT) Logo

Sentiment for Catchmark Timber Trust Inc (NYSE:CTT)

Catchmark Timber Trust Inc (NYSE:CTT) institutional sentiment decreased to 1.89 in 2018 Q1. Its down -0.61, from 2.5 in 2017Q4. The ratio worsened, as 83 investment managers started new and increased stock positions, while 44 decreased and sold their holdings in Catchmark Timber Trust Inc. The investment managers in our partner’s database now possess: 34.13 million shares, up from 30.58 million shares in 2017Q4. Also, the number of investment managers holding Catchmark Timber Trust Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 37 Increased: 57 New Position: 26.

CatchMark Timber Trust, Inc., a real estate investment trust , focuses on the acquisition of timberland properties in the United States. The company has market cap of $613.29 million. It intends to acquire timberland properties throughout the timber-producing regions of the United States and, to a lesser extent, in timber-producing regions outside the United States. It currently has negative earnings. The firm intends to qualify as a REIT under the Internal Revenue Code of 1986.

The stock increased 1.46% or $0.18 during the last trading session, reaching $12.49. About 223,653 shares traded. CatchMark Timber Trust, Inc. (NYSE:CTT) has risen 12.50% since June 14, 2017 and is uptrending. It has underperformed by 0.07% the S&P500.

Analysts await CatchMark Timber Trust, Inc. (NYSE:CTT) to report earnings on August, 2. They expect $-0.06 earnings per share, 0.00 % or $0.00 from last year’s $-0.06 per share. After $-0.08 actual earnings per share reported by CatchMark Timber Trust, Inc. for the previous quarter, Wall Street now forecasts -25.00 % EPS growth.

Vertex One Asset Management Inc. holds 1.05% of its portfolio in CatchMark Timber Trust, Inc. for 469,690 shares. Deprince Race & Zollo Inc owns 3.38 million shares or 0.99% of their US portfolio. Moreover, Real Estate Management Services Llc has 0.97% invested in the company for 309,200 shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 0.91% in the stock. Impax Asset Management Llc, a New Hampshire-based fund reported 1.12 million shares.

CatchMark Timber Trust, Inc. (NYSE:CTT) Ratings Coverage

Ratings analysis reveals 67% of CatchMark Timber Trust’s analysts are positive. Out of 3 Wall Street analysts rating CatchMark Timber Trust, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $1400 while the high is $14.5. The stock’s average target of $14.17 is 13.45% above today’s ($12.49) share price. CTT was included in 3 notes of analysts from April 18, 2018. RBC Capital Markets initiated CatchMark Timber Trust, Inc. (NYSE:CTT) rating on Wednesday, May 2. RBC Capital Markets has “Hold” rating and $1400 target. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, April 18.

Another recent and important CatchMark Timber Trust, Inc. (NYSE:CTT) news was published by which published an article titled: “Jupiter Asset Management Ltd. Sells 28206 Shares of Catchmark Timber Trust Inc (NYSE:CTT)” on June 14, 2018.

CatchMark Timber Trust, Inc. (NYSE:CTT) Institutional Positions Chart

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